AB Volvo (publ) (OTCMKTS:VLVLY) Short Interest Update

AB Volvo (publ) (OTCMKTS:VLVLY) was the target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 9,800 shares, a decrease of 68.5% from the February 29th total of 31,100 shares. Based on an average daily volume of 77,700 shares, the short-interest ratio is currently 0.1 days.

AB Volvo (publ) Stock Down 2.3 %

Shares of OTCMKTS VLVLY opened at $29.17 on Friday. The company has a market cap of $59.32 billion, a price-to-earnings ratio of 12.93, a PEG ratio of 0.79 and a beta of 1.40. The company has a quick ratio of 0.88, a current ratio of 1.20 and a debt-to-equity ratio of 0.76. The firm’s fifty day moving average is $26.67 and its 200 day moving average is $23.78. AB Volvo has a 52 week low of $17.94 and a 52 week high of $30.14.

AB Volvo (publ) (OTCMKTS:VLVLY) last issued its quarterly earnings data on Friday, January 26th. The company reported $0.56 EPS for the quarter. AB Volvo (publ) had a net margin of 9.01% and a return on equity of 28.62%. The firm had revenue of $13.92 billion during the quarter. On average, equities research analysts expect that AB Volvo will post 2.27 earnings per share for the current year.

AB Volvo (publ) Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, April 19th. Stockholders of record on Tuesday, April 2nd will be paid a dividend of $0.718 per share. The ex-dividend date of this dividend is Monday, April 1st. This is a boost from AB Volvo (publ)’s previous dividend of $0.50. AB Volvo (publ)’s payout ratio is 22.51%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. BNP Paribas downgraded shares of AB Volvo (publ) from an “outperform” rating to a “neutral” rating in a research note on Wednesday, December 6th. Sanford C. Bernstein downgraded AB Volvo (publ) from an “outperform” rating to a “market perform” rating in a report on Monday, January 29th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, AB Volvo (publ) has a consensus rating of “Hold”.

AB Volvo (publ) Company Profile

AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, the United States, Asia, Africa, and Oceania. The company provides heavy-duty trucks for long-haulage and construction work and light-duty trucks for distribution purposes under the Volvo, Renault Trucks, Mack, Eicher, and Dongfeng Trucks brands; and city and intercity buses, coaches, and chassis under the Prevost and Volvo Bus brands.